Examlex
No deduction is allowed for interest paid on loans to purchase personal items such as clothes and household furniture.
Unique Product
A good or service that is distinct in its features, benefits, or value propositions from others in the market.
Monopolistic Competition
A market structure characterized by several competitors offering differentiated products or services, allowing for some degree of pricing power.
Nonprice Factors
Aspects of a product or service that affect consumer choice other than price, such as quality, brand reputation, or convenience.
Oligopolistic Competition
An economic system where a few large corporations control the market, resulting in restricted competition.
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